Word: back
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Dates: during 1930-1939
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...four million-share days, the Dow-Jones average hopped ten points (to 144.71) from July n to July 21. It seemed almost within reach of its 1939 high (154-85) and its 1938 high (158.41). Last week stock which was sold at the July peak could be bought back for ten points less. Those who profited by this turn of events were chiefly professional traders. SEC has since reported that at the peak, in the last half of July, while the public was buying heavily, Exchange members did 78% of all short selling. Last week the public thought that...
...benediction was pronounced by Mr. Lilienthal before he went back to Washington. Said he: ". . . This would seem to be a good time for the utilities and TVA both to devote all of their energies to the considerable work we each have to do. The TVA now will be able to concentrate upon its main purpose: the development of the Tennessee Valley." Public utilitarians devoutly hoped these words could be taken as a promise of no more Government competition...
...which he raised among friends and business associates) Gross bought Lockheed, had the grass cut, put the watchman back on pay and went to work. From Stearman he hired brilliant, witty M. I. T.man Hall L. Hibbard to head his engineering department. In charge of sales he put smart Carl B. Squier, who had sold Lockheeds for the old company in every corner of the earth...
Three old men of the prairie bestride the back of U. S. agricultural economy: Corn, Wheat and Cotton. Of these the most corpulent is Cotton. At the end of the cotton marketing year on July 31 the Department of Commerce and the Census Bureau set out to measure him. Last week they reported the 'awful facts. In spite of the reducing corset which AAA pays him to wear, he has battened on bountiful crops, gobbled the rich cream of New Deal crop loans and, deprived of the exercise of foreign trade, grown more ugly and obese...
...worse. If Europe fights it may grow still worse, for war normally reduces cotton exports. The only means now available for reducing the huge cotton surplus is the use of $50,000,000 appropriated by Congress for export subsidies (with its aid Henry Wallace wishfully hopes to get exports back to 6,000,000 bales). Last week Columnist Hugh Johnson roared...